POSTING FIRST PROFITS SINCE 2015
long way off what the Government paid for them. Without restructuring costs, RBS made a profit of £1.3 billion. City analysts think it should make at least that much in pure profit every quarter once the bank is finally cleaned up.
RBS made a loss last year of £7 billion. Next month’s court case is over whether investors were misled about a rights issue before the bank went bust. Goodwin is likely to be a controversial witness.
Richard Hunter, head of research at Wilson King Investment Management, said: “Though it’s too early to hang out the bunting, there are some signs of recovery at the beleaguered bank.”